Special cases of property ownership

Assets and rights of entities without legal personality

The assets and rights held by civil companies, unclaimed estates, community property and other entities that, lacking legal personality, constitute an economic unit or a separate patrimony susceptible to taxation, will be attributed to the common partners or participants , according to the regulations applicable in each case and if these are not recorded by the Administration in a reliable manner, they will be attributed in equal parts.

Goods or rights acquired with deferred payment

Regulations: Art. 8.One Wealth Tax Law

In the acquisition of assets or rights with deferred consideration, in whole or in part, the value of the asset resulting from the rules of this tax will be attributed entirely to the purchaser of the same , who will include among his debts the part of the deferred consideration.

For its part, the seller will include among its assets the credit corresponding to the portion of the deferred consideration.

It is obvious that this postponement of payment, derived from the free will of the seller in agreement with the buyer, means the entry into the assets of the former of a new right which, together with the amount already received, replaces the one previously held over the alienated asset.

Sale of goods with retention of title

Regulations: Art. 8.Two Wealth Tax Law

In the case of the sale of goods with reservation of title, as long as the ownership is not transferred to the purchaser, the latter's right will be computed by the total amounts that he has delivered up to the date of the accrual of the tax, with said amounts constituting debts of the seller, to whom the value of the asset resulting from the tax regulations will be attributed.